It all depends on one's risk tolerances are and what other options for obtaining money there are (like being late or underpaying the next mortgage payment).
Keep in mind that taking on a mortgage itself is a risky move, as people found out in 2008.
BTW, even paying a few dollars extra a month on a 30 year mortgage can be surprisingly effective, since nearly all the early payments are interest, not principal.
Comments
It all depends on one's risk tolerances are and what other options for obtaining money there are (like being late or underpaying the next mortgage payment).
Keep in mind that taking on a mortgage itself is a risky move, as people found out in 2008.
BTW, even paying a few dollars extra a month on a 30 year mortgage can be surprisingly effective, since nearly all the early payments are interest, not principal.